Salam in Financing the Green Enterprenueship Education in Nigeria



The aim of this paper is to explore the role of Salam finance in the growth of green entrepreneurship education (agriculture) to meet the employment level of the Nigerian youth, income generation to the individual and the government, food security, poverty reduction and increase the supply of raw materials to the industries and export. Almost, 70 percent of the Nigerian youth and able bodies are employed in agriculture and related sectors as their major source income. The paper intends to study this free Shariah financial product in order to recognize how it can contribute to the Nigerian youth entrepreneurship, since, Nigeria is the most populous and agrarian and country on the African continent. It recommends that free interest financial institutions should provide Salam mode of financing to agriculture. It is with the anticipation that Salam finance will be impacted on the agricultural produce, improve youth employment opportunities, and income. It will also promote economic growth as well as an alternative solution to the Nigerian economic problems. This paper is conceptual in the methodology.


Salam finance, Banks, agriculture, Nigeria

Full Text:



Aburaida, K. M. M. (2014). Rural Finance As A Mechanism For Poverty Alleviation In Sudan, With An Emphasis On „Salam “Mode. European Scientific Journal, 7(26).

Ador, S. F., Shafiai, M. H. M., & Ismail, M. A.(2014). Islamic Micro Financing for Sustainable Oil Palm Farming: Case of Independent Smallholders.

Al Dhaafri, H. S., & Al Swidi, A. K. (2013). The entrepreneurial orientation and the organizational performance: do enterprise resource planning systems have a mediating role? A study on Dubai police. Asian Social Science, 10(2), 257.

Al-Zuhayli, Wahbah (2007). Financial transactions in Islamic jurisprudence, Mohamoud A.el-Gamal (Trans). Beirut: Dar al-fikir al-Mauaser.

Ayub, M. (2007). Understanding Islamic finance. West Sussex Willey & Sons Ltd.

Bagheri, N., & Bordbar, M. (2014). Factor analysis of agricultural mechanization challenges in Iran. Agricultural Engineering International: CIGR Journal, 16(1), 167-172.

Bećirović, S. (2011). The role of microfinance in the agricultural development of the cross-border region of Sandzak, International Conference "SMEPP 2011", Novi Pazar: International University of Novi Pazar, pp. 259-269.

Bello, G.I (2006). An analysis of the viability of Islamic Banking in Kano state, Nigeria. Usman Dan fodio University Sokoto-Nigeria (Doctoral dissertation © Garba Bello)

Chong, R., Abdullah, R. F. S., Anderson, A., & Amin, H. (2009). Economics Of Islamic Trade Financing Instruments. International Review of Business Research Papers, 5(1), 230-241.

Hassan, M. T., Sattar, M. A., Tousif, M. A., Nasir, N., Sadiq, M., & Yasmeen, M. (2012). The role of Islamic Banking in Agriculture Development in Bahawalpur, Pakistan. International Journal of Learning and Development, 2(3), Pages-123

Hendriks, S. L., & Lyne, M. C. (Eds.). (2009). Does Food Security Improve when Smallholders Access a Niche Market?: Lessons from the Embo Community in South Africa. African Centre for Food Security

Hilmy, H. A. (2013). Introducing Salam as an alternative financing tool for paddy field cultivation in Sri Lanka (special reference to Eastern province). Soth Eastern University of Sri Lanaka.

Holly Qur'an. (2:275-280).

Ibn Khaldun, (1967). The Muqaddimah: An introduction to history. Franz Rosenthal (train).

Ibrahim, M. F., & Kamarudin, R. (2014). The Islamic Home Financing In Malaysia Istisna’base On Debt: Qualitative Approach.Labuan E-Journal Of Muamalat And Society, Vol.8, 2014, Pp.27-38

Jinjiri Ringim, K. (2014). Perception of Nigerian Muslim account holders in conventional banks toward Islamic banking products. International Journal of Islamic and Middle Eastern Finance and Management, 7(3), 288-305.

Kaleem, A., & Abdul Wajid, R. (2009). Application of Islamic banking instrument (Bai Salam) for agriculture financing in Pakistan. British Food Journal, 111(3), 275-292.

Kano state Budget, 2012 and Kano state map from Kano free encyloypedia (

Khaleequzzaman, M., & Shirazib, N. S. (2012). Islamic Microfinance–an Inclusive Approach with Special Reference to Poverty Eradication in Pakistan. International Journal of Economics, Management, and Accounting, 20(1).

Khan, T. (1996). An analysis of risk sharing in Islamic finance with reference to Pakistan (Doctoral dissertation, © Tariqullah Khan).

Kozubíková, L., Belás, J., Bilan, Y., & Bartos, P. (2015). Personal characteristics of entrepreneurs in the context of perception and management of business risk in the SME segment. Economics & Sociology, 8(1), 41.

Larbani, Mustafa and Oladokun (2013) in Dandago, K.I, AD. Muhammad & U.A.Oseini (2013). Essentials Of Islamic Banking And Finance In Nigeria. Publish in Abuja ( p: p. 353-358)

Mohammed, S., Ibrahim, U. S., & Abubakar, N. (2014). Effect of hike in food prices on households food expenditure in kano state, Nigeria: a case of 2008 global food crisis.

Mohsin, M. I. A. (2005). The practice of Islamic banking system in Sudan. Journal of Economic Cooperation, 26(4), 27-50.

Muhammada, M. Z., & Chonga, R. (2007). The Contract of Bay’Al-Salam and Istisna’in Islamic Commercial Law: A comparative analysis. Labuan e-Journal of Muamalat and Society, 1, 21-28.

Muneeza, A., Nurul Atiqah Nik Yusuf, N., & Hassan, R. (2011). The possibility of application of salam in Malaysian Islamic banking system. Humanomics, 27(2), 138-147.

NPC (2015):Nigerian population commission census, htt: //country

Ogunbado & Ahmed (2015). Bay’ Salam as an Islamic Financial Alternative for Agricultural Sustainability in Nigeria. Journal of Islamic Economics, Banking, and Finance (JIEBF).Vol. 11, No 4.

Ogunbado, A. F. (2011). Mechanisms of poverty eradication: An Islamic perspective. The Islamic quarterly, 55(4), 295-315.

Putri, M. A., & Dewi, (2011). M. K. Developing Salam-Based Financing Product: Indonesian Islamic Rural Bank. Business & Management Quarterly Review, 2(4), 103-112.

Research paper No 33:18.

Sahihi Bukhari, (1979). MuhmmadMuhsin Khan (trans). Lahore: Qazi Publication.

Siddiqi, M. N. (2006). Islamic banking and finance in theory and practice: A Survey of the state of the Art. Islamic Economic Studies, 13(2), 1-48.

Umar, M.A.(1416H/1995). Shari’ah, Economic and accounting framework of bay’ salam in the light of contemporary Application. Jeddah: Islamic Research and Training Institute.


  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.